Silver Grant International - Competitors

Silver Grant International Competition

Now Viewing Silver Grant International's competition in: Commercial Real Estate Brokerage and Management

Recent Developments

Commercial Space Availability Improving in New York - As the economy weakens and companies downsize, commercial real estate availability in Manhattan has climbed over 8 percent. With rent often the second-largest expense after payroll for businesses, finding the right real estate deal can be crucial in high rent locations such as New York. The average rent in Manhattan fell 2.2 percent to under $70 a square foot in third quarter 2008; landlords are offering some months of free rent or other incentives to entice new tenants.

Commercial Real Estate Feeling Economic Strain - The commercial real estate market is feeling the strain of the financial market's turmoil and the declining US economy, according to a survey of real estate executives by the Real Estate Roundtable. Of respondents, 84 percent feel that credit availability is much worse than the year before. About two-thirds feel that debt conditions will improve in 2009.

Commercial Projects Keep Employment High - The decline in the single family housing market has been filled by growth in commercial building, fueling demand for construction workers. Some construction companies are having difficulty finding workers to build high-rise office and residential real estate. Some have struggled to work on large projects and are asking workers to work longer hours.

Competitive Landscape

Demand, which is driven by the volume of commercial real estate transactions, is heavily influenced by real estate vacancy rates. The profitability of individual companies depends on efficient operations. Large companies have advantages in performing a full range of services in multiple markets. Small companies can compete effectively by specializing in local markets. Average annual revenue per worker is about $200,000 for brokers and agents, but around $100,000 for property managers, reflecting the more labor-intensive nature of the work.

Full Industry Overview For Commercial Real Estate Brokerage and Management

Commercial Real Estate Brokerage and Management Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US real estate businesses, which includes commercial brokerage and property management, is forecast to grow at an annual compounded rate of 4.7 percent between 2007 and 2012.

Real Estate Growth Steadies

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.